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Business, 24.10.2021 09:30 zitterkoph

Suppose that currency in circulation is $500 billion, the amount of checkable deposits is $1,000 billion, and excess reserves are $50 billion assuming 10% required reserve ratio. (a) (3pts.) Calculate the money supply, the currency deposit ratio, the excess reserve ratio, and the money multiplier.

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Suppose that currency in circulation is $500 billion, the amount of checkable deposits is $1,000 bil...

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